Reason Magazin 2014Q3 Seite 6

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LEADERSHIP CHANGES BUSINESS MODEL CONTINUES Shivan Subramaniam to retire after four decades of service Tom Lawson and Jon Hall appointed successors FM Global recently announced the upcoming retirement of chair man and chief executive officer Shivan Subramaniam after 40 years with the company His successor Thomas A Lawson is now president and will replace Subramaniam as chief executive officer effective Jan 1 2015 As president Lawson is responsible for the strategic and operational direction of the company which insures nearly US 9 trillion in business property in more than 130 countries In addition Jonathan W Hall former executive vice president has been appointed chief operating officer and now oversees insurance operations and insurance staff functions I have worked with Tom and Jon for nearly 16 years and have the utmost respect for the countless contributions they have made to help our policyholder owners be more resilient said Subramaniam Their vast experience leadership and deep understanding of our cli ents complex needs along with FM Global s timeless business model will ensure the continued success we share with our policyholders Lawson and Hall have each spent more than 30 years work ing at FM Global in various capacities Lawson joined the company in 1979 and is a recognized expert in industrial manufacturing risk Throughout his tenure he has served in a variety of key positions including senior vice president engineering and research vice presi dent operations manager forest products field vice president and operations underwriting manager regional engineering manager and operations manager Hall who joined the company in 1980 is an expert in high haz ard risk industries including power generation and forest products He was formerly senior vice president underwriting and reinsurance and before that senior vice president manager Eastern division During the merger that formed FM Global in 1999 Hall was senior vice president of merger integration While there will be a shift in leadership the mission and val ues that have sustained the company for nearly 180 years remain unchanged Lawson and Hall are both firm believers that the busi ness focus must continue to be on helping clients prevent loss and minimize business interruption For us and for our clients the goal is to partner together to make their facilities as resilient as possible said Lawson In addition to that we offer our clients stability in a continuously changing marketplace Following his retirement this December Subramaniam will remain chairman of the FM Global board of directors Since being named chief executive officer in 1999 Subramaniam has helped the company grow from US 1 billion to US 5 6 billion Subramaniam added that he has the highest regard for Lawson and Hall I know they ll make this company even more successful Their vast experience leadership and deep understanding of our clients complex needs along with FM Global s timeless business model will ensure the continued success we share with our policyholders Shivan Subramaniam CHAIRMAN AND CHIEF EXECUTIVE OFFICER 6 Reason ISSUE 3 2014 noteworthy FM Global Leadership from left Tom Lawson presi dent Shivan Subramaniam chairman and CEO and Jon Hall chief operating officer